As part of its broader strategic goals, Taranis Capital plans to intensify its focus on Saudi Arabia, a country undergoing a transformative shift under its Vision 2030 programme. Vision 2030, a comprehensive plan to diversify the Kingdom’s economy and reduce its dependence on oil, places strong emphasis on fostering private sector growth, innovation, and investment in high-growth industries.
Riyadh, Saudi Arabia’s capital and a burgeoning financial hub is at the heart of this dynamic transformation. By establishing a presence in Riyadh, Taranis Capital aims to actively contribute to and benefit from the ambitious reforms under Vision 2030.
“We are excited about the opportunities Saudi Arabia presents as it pivots towards a diversified, knowledge-based economy,” said Nicholas S Bingham, Founding Partner & CEO of Taranis Capital; “Riyadh’s role as the financial epicentre of this transformation makes it the ideal launchpad for Taranis Capital’s venture fund. Establishing ourselves in the Kingdom aligns perfectly with the core objectives of Vision 2030, and we believe our expertise and investment strategy will resonate with the sectors that Saudi Arabia is prioritising.”
Vision 2030 places particular importance on innovation, financial services, and venture capital as key drivers of economic growth. By expanding its presence to Riyadh, Taranis Capital is positioning itself to tap into government-backed initiatives and capture opportunities in sectors such as fintech, renewable energy, healthcare, and infrastructure.
“These sectors are not only central to Vision 2030 but also align perfectly with our investment strategy,” Bingham added. “Taranis Capital’s focus on emerging technologies, innovative business models, and high-growth sectors makes Riyadh an ideal environment for us to expand our portfolio and deliver value to our investors.”
Taranis Capital aims to be a key player in the development of these industries, helping to foster innovation and entrepreneurship in line with Saudi Arabia’s evolving economic landscape. The firm’s expansion into Riyadh is a natural progression following its successful operations in Dubai and its newly acquired DFSA approval.
In line with its expansion plans, Taranis Capital is also pleased to announce the appointment of several distinguished figures to its advisory board, bringing a wealth of experience and leadership to the firm. Among the notable appointments is Ayman Sejiny, a highly accomplished financial industry leader with a robust background in banking and finance.
Mr Sejiny has held several prestigious roles, including Chief Executive Officer of Ibdar Bank BSC, Bank Alkhair, and Barclays Capital Saudi Arabia. He also served as the chairman of Open-Silicon, Inc. and Bahrain Financing Company Group, and he has been a board member at Unicorn Bahrain. His extensive experience in finance, leadership, and governance will be instrumental in guiding Taranis Capital through its next phase of growth.
Joining him on the advisory board is Rayan Ibrahim Al-Karawi, a seasoned professional with over 30 years of experience spanning investment and corporate banking, real estate, telecommunications, and retail. Mr Al-Karawi is a multi-award-winning investor relations professional and a sought-after speaker at global forums, particularly in fintech and investor relations. His career began at the Central Bank of Saudi Arabia (SAMA) as an investment analyst before moving into commercial banking with the Saudi Investment Bank (SAIB).
Mr Al-Karawi’s career includes senior roles at prominent companies such as Dar Alarkan Real Estate, Zain KSA, and FAS Holding (now Cenomi). His deep knowledge of the Saudi market, coupled with his expertise in capital markets, corporate governance, and investor relations, make him an invaluable addition to Taranis Capital’s advisory board.
In addition to his executive experience, Mr Al-Karawi serves as Chairman of Razeen Capital, Managing Director of Optimise Networks, and is a founding member of the Saudi chapter of the Middle East Investor Relations Association (MEIRA). He is also a board member and advisor to multiple companies, including SACO, Atheeb Telecom, and Salam Telecom.
Taranis Capital’s receipt of in-principle approval from the DFSA and its strategic expansion into Saudi Arabia marks a pivotal moment for the firm. With the Kingdom undergoing rapid transformation, the firm is well-positioned to play a critical role in fostering innovation and supporting high-growth sectors while simultaneously generating value for its stakeholders.
As Vision 2030 continues to unfold, Taranis Capital will remain focused on identifying and investing in opportunities that align with its long-term strategy, benefiting from the ambitious reforms taking place in Saudi Arabia and across the region.
